Wragge Lawrence Graham & Co

UK 200 2013 position: 25

UK government announcement: going all out for shale

Newspapers have reported new announcements by David Cameron in relation to shale oil and gas projects in England, with measures intended to ensure that local communities see the benefits of the new shale industry in their area.

The government will double the amount of tax that local councils in England can retain that is raised from shale gas sites. Councils will now be entitled to keep 100 per cent of the business rates raised from a shale gas site, which reports suggest could be worth up to £1.7m per year.

Cameron also said that new rules would allow energy companies to make cash payments, either directly to homeowners living in the vicinity of shale project sites or into funds that would be managed by local communities…

If you are registered and logged in to the site, click on the link below to read the rest of the Wragge & Co briefing. If not, please register or sign in with your details below.

Briefings from Wragge Lawrence Graham & Co

View more briefings from Wragge Lawrence Graham & Co

Analysis from The Lawyer

  • Paul Wilson

    Regional: attempted merger

    Alliances, failed and successful, are the story of the year outside London

  • Belinda Bradberry

    Interior designs

    Polish up your retention policy - private practice lawyers are increasingly eyeing in-house roles

View more analysis from The Lawyer

Overview

2 Snowhill
Birmingham
B4 6WR
UK
http://www.wragge-law.com/

Turnover (£m): 120.50
No. of Lawyers: 458